Companies Are Distancing From Gun Owners — But Warren Buffett Refuses to Let Politics Run His Business

Billionaire Warren Buffett stood his ground when it comes to his company, Berkshire Hathaway, continuing to do business with gun owners, saying that his personal political beliefs aren’t imposed on his company. 

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Business Insider reported that during a meeting with Berkshire Hathaway’s shareholders, CNBC anchor Andrew Ross Sorkin relayed a question, which asked why Buffett’s businesses would continue to work with gun manufacturers when it’s contrary to his own beliefs. 

“I do not believe in imposing my political opinions on the activities of our businesses, and if we get into what companies are pure and which ones aren’t pure, I think it is very difficult to make that call,” Buffett explained. 

Watch the video below:

Buffett acknowledged that he’s shared his own personal beliefs about gun control but reiterated that it doesn’t reflect Berkshire Hathaway or its subcompanies’ policies. 

“I don’t think that we should have a question on the GEICO policyholder form, ‘are you an NRA member?'” he said. “You know, if you are you just aren’t good enough for us.” 

Following the Parkland, Florida, shooting, various companies have distanced themselves from the National Rifle Association (NRA) and gun manufacturers. 

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Dick’s Sporting Goods announced that it would no longer sell “assault-style” guns, and Walmart decided to raise the minimum age to purchase firearms and ammunition from 18 to 21. 

Other companies cut ties with the NRA by terminating its discount program for the organization’s members. 

In the wake of the shooting, Buffett told CNBC’s “Squawk Box” that although he believes in increased gun control, he doesn’t believe in “imposing my views on 370,000 employees and a million shareholders.”

“I’m not their nanny on that,” he explained. 

He encouraged people as private citizens to speak out about what they believe in but said as a company, they should remain neutral.

“I don’t think that Berkshire should say we’re not going to do business with people who own guns,” he said. “I think that would be ridiculous.”

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